5420 Liberty Fairfield RdCincinnati, OH 45011

Liberty Square, located at 5420 Liberty Fairfield Rd, Cincinnati, OH 45011, presents a compelling investment opportunity. This Class A, 60,304 square foot retail property, fully redeveloped in 2023, boasts a 100% occupancy rate with two strong tenants: Aldi and Midwest Shooting Center, both under 10-year NNN leases. The property features a 7.00% cap rate and a strong NOI of $560,692, with an asking price of $8,000,000 ($132.66/sq ft). Situated on a 6.43-acre lot, this multi-tenant property benefits from its prime location in a high-traffic area with over 24,000 cars daily on Hamilton Middletown Road and over 17,000 on Liberty Fairfield Road. The surrounding area includes numerous national retailers such as a new Kroger Marketplace, Tractor Supply, O'Reilly Auto Parts, Skyline Chili, McDonald's, Waffle House, and Taco Bell, with a Wawa soon to be constructed nearby. The property's strong demographics, with average household incomes exceeding $124,000 within a 5-mile radius (5,022 households within 1 mile, 34,463 within 3 miles, and 117,956 within 5 miles), further enhance its investment appeal. The significant capital upgrades completed during the redevelopment minimize long-term deferred maintenance needs. Tenants' pro rata share of CAM, real estate taxes, insurance, and management expenses ensures minimal landlord operating expense responsibility. This redevelopment project, formerly a Kroger location, offers a below-replacement-cost investment with below-market rents for the tenants, making it an exceptional opportunity in the Cincinnati market. The property was built in 1988.